Biennial report of the Treasurer of North Carolina [serial]

Wm

..eEPORT OF THE

■'-W^flS€AL YEARS .
ENDING JUNtv30, 1923-1924

C33G
N8rt

of tF)c

Knibetsiitp of i^ortfj Carolina

Collection o! i^ortf) Caroliniana

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r^. C . \ re au^tot. jj_>o

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UNIVERSITY OF N C AT CHAPEL HILL

00033968074

This BOOK may be kept out TW> WEEKS
ONLY, and is subject to a firie of FIVE
CENTS a day thereafter. It is DUE on the
DAY indicated below:

REPORT

Treasurer of North Carolina

FISCAL YEARS ENDING JUNE 30, 1923-1924

G^^^^^^^^iD

RALEIGH

Capital Printing Company

state printers

1925

Digitized by the Internet Arciiive

in 2011 with funding from

Ensuring Democracy through Digital Access (NC-LSTA)

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CONTENTS

PAGE

Letter of transmittal 5

Consolidated Treasury statement 7

Receipts:

Fiscal year ending June 30, 1923 8

Fiscal year ending June 30, 1924 10

Dif^ursements:

Fiscal year ending June 30, 1923 13

Fiscal year ending June 30, 1924 19

State Debt 25

Sinking Funds 27

State stock investments 27

STATE OF NORTH CAROLINA

TREASURY DEPARTMENT

RALEIGH

LETTER OF TRANSMITTAL

Governor Cameron Morrison,

Raleigh, N. C.

Sir: — Transmitted herewith is the report of the operation of the
State Treasury for the fiscal years ending June 30, 1923-1924.

Under the appropriation Laws of 1917-1919 and Special Legislative
Act 1920, $1,000,000 excess building appropriations were made over
special fund provision and payment had to be made from the general
fund coming into the Treasury during the past four years, and should
not be considered as an expense of government. In like manner a defi-
cit of $710,000 in 1919-1920 public school taxes were met. In my
opinion, the Legislature should care for these two amounts by short-
term funding bonds. The State is building a public road in Madison
County out of the general fund, special act of the Legislature, which
is mounting up rapidly, and I am not in a position to say what the ulti-
mate cost may be. It should be understood that appropriations made
must be paid, and, when special funds are not provided, the liability
falls upon the general fund, as there is no other resource.

Kespectfully submitted,

B. E.. Lact,

State Treasurer.

CONSOLIDATED TREASURY STATEMENT

RECEIPTS AND DISBURSEMENTS
Fob Fiscal Years Ending June 30, 1923 and 1924

RECEIPTS
Balances July 1, 1922:

General and Special funds $ 5,372,887.15

Partial payments from counties 918,269.70

Board of Education 70,482.64

■ $ 6,361,639.49

Fiscal Year ending June 30, 1923 :

General Fund $ 7,678,042.18

Special Fund 8,730,032.62

Federal Fund 488,815.79

Board of Education 245,274.89

$ 17,142,165.48

Bond sales 26,373,000.00

Note sales 16,638,744.00

60,153,909.48

Fiscal Year ending JunS 30, 1924 :

General Fund $ 9,174,493.75

Special Fund 12,457,586.22

Federal Fund 458,132.03

Board of Education 248,163.89

$ 22,338,375.89

Bond sales 15,649,000.00

Note sales 32,325,000.00

70,312,375.89

$ 136,827,924.86
DISBURSEMENTS

For Fiscal Year ending June 30, 1923 :

General Fund $ 8,547,492.50

Special Fund 34,535,936.94

Federal Fund 488,836.97

Board of Education 277,204.02

$ 43,849,470.43

Notes paid 7,761,744.00

$ 51,611,214.43

For Fiscal Yeab ending June 30, 1924:

General Fund .$ 11,230,129.35

Special Fund 45,364,092.19

Federal Fund 447,835.01

Board of Education 265,561.07

$ 57,307,617.62

Notes paid 20,085,598.08

77,393,215.70

129,004,430.13

Balance June 30, 1924 : ^ 7,823 494.73

RECEIPTS AND DISBURSEMENTS

For Fiscal Years Ending June 30, 1923 and 1924

RECEIPTS
Balances July 1, 1922:

General and Special funds $ 5,372,887.15

Partial payments from counties 918,269.70

Board of Education 70,482.64

$ 6,361,639.49

Fiscal Year ending June 30, 1923 :

General Fund —

Auditor's Department :

County auditing, refund $ 19,201.16

Books, sale of :

Laws and Journals $ 6,341.52

Supreme Court Reports 10,127.45

16,468.97

Fees and Seal Tax :

Attorney General Dept $ 1,059.53

Executive Department 5,476.50

Executive Department Seals.. 4,472.75

Insurance Department 12,130.47

State Department 2,426.10

State Department Seals 1,119.95

Treasury Department 478.50

27,163.80

Inheritance Tax :

State Revenue Department 335,799.26

Income Tax :

State Revenue Department 3,570,831.98

Interest :

Bank balances $ 251,257.10

Accrued on bond sales 40,760.80

Emergency Loan Fund 17,166.35

309,184.25

Licenses and Privileges :

Automobile dealers' licenses....$ 16,705.00

B. and L. Assn. privileges 10,379.84

Corporation tax. State Dept... 105,274.46

Corporation :^ranchise tax 1,029,581.13

Express companies privilege.. 27,310.04

Insurance companies licenses 97,222.58
Insurance companies tax on

receipts 754,039.53

Lightning rod agents 1,610.11

Mercantile agencies 250.00

Pianos, organs and talking

machines 4,183.37

Schedule B, Revenue Dept 139,960.58

Sewing machine dealers 5,384.51

Telephone companies tax on

receipts 99,325.06

Trade mark registration fees.. 111.60

2,291,337.81

Miscellaneous :

Additional taxes $ 799.43

Auto for hire tags 534.75

Bond premiums 10,000.00

Incendiary Fire Fund 6,801.39

Paper stock, sale of 15,842.82

33,978.39

Report of State Teeasuree
RECEIPTS — Continued

Fiscal Year ending June 30, 1923:
General Fund — continued
Public Schools :

Emergency school loans ....$

Railroad dividends :

Atlantic and N. C. R. R $ 37,998.00

North Carolina Railroad 225,015.00

Refunds :

Budget Commission $ 10.00

Bonds, surety officers, clerks.. 160.18

Contingencies 35.50

Legal services and expenses.. 5,150.00

Legislature 35.20

National Guard 50.68

Pensions 1,177.65

Postage and stationery 1.25

Postage, State Department 6.52

Furniture and fixtures 35.00

Miscellaneous 4,993.20

63,245.00

263,013.00

11,655.18

315,000.00

421,163.38

Transfers to General Fund :

Oil Inspection Fund surplus..? 55,000.00
Gasoline Inspection Fund sur-
plus 260,000.00

Taxes from Counties :

Partial payments

Special Fund —

Agricultural Department :

Miscellaneous taxes $ 407,186.39

Gasoline inspection 321,424.74

Oil inspection 91,615.26

$

Civil engineers and land surveyors

Fire Loss :

East Carolina Teachers Col $ 2,572.82

Home and Industrial School for

Girls and Women 12,500.00

University of N. C 546.25

Interest :

Highway Serial Bonds, 4%

per cent $ 100,000.00

Highway Construction Bonds 1,027,630.00
State Public School Building

Fund Bonds, 4% per cent.... 12,962.50

1,140,592.50

Laboratory of Hygiene 32,900.14

Miscellaneous :

Audubon Society $ 1,417.85

Bank examinations 52,314.47

Board Public Welfare 1,888.60

Child Welfare Commission 1,045.22

Fisheries Commission 33,175.99

Land title, assurance of 1,098.55

N. C. Library Commission 250.20

Soldiers Home, E. Blackwood

Fund 5,000.00

96,190.88

-$ 7,678,042.18

820,226.39
8,016.50

15,619.07

10

Report of State Teeasurer
RECEIPTS— Continued

Fiscal Yeab ending June 30, 1923 :
Special Fund — continued

N. C. State Board of Health $ 89.576.55

Public Schools :

Building Fund, principal $ 49,200.00

Special Building Fund, int 150,261.73

Coupon interest, transfer 112,500.00

311,961.73

Refunds :

Vocational Education $ 556.87

Teacher Training 10.00

566.87

State Highway Fund :

Expense Secretary of State.... $ 516,673.97
Highway maintenance 4,839,336.56 '

' 5,356,010.53

State Library :

Sale of books 1.402.39

State's Prison 521,378.57

State Public School Fund:

Miscellaneous 15,644.86

State Warehouse System:

Warehouse loans $ 22,744.25

Bonds and miscellaneous 266,297.10

Supervision 30,904.29

319,945.64

$ 8,730,032.62

Federal Funds —

Forest Reserve $ 7,558.96

N. C. State A. and E. College.... 290,856.06

N. C. Board of Health 31,344.89

Negro A. and T. College 16,500.00

Vocational Education 142,555.88

488,815.79

Board of Education 245,274.89

Total year's fund receipts $ 17,142,165.48

Bond Sales :

Educational and institutional

41/2 per cent $ 3,373,000.00

Special School Building 4%

per cent 4,000,000.00

State Highway Serial iVz per
cent 19,000,000.00

26,373,000.00

Notes Payable :

Public school appropriation....$ 1,800,000.00

Supt. Public Instr., printing.. 5,744.00

CasweU Training School 33,000.00

State Highway road constr 13,800,000.00

Institutional building 1,000,000.00

16,638,744.00

-$ 60,153,909.48

Report of State Treasurer ll

RECEIPTS — Continued

Fiscal Year ending June 30, 1924:
General Fund —

Additional State taxes $ 8,729.93

Automobile for hire tags 18.50

Automobile dealers' licenses 120.00

Board of Elections 2,779.73

Delinquent taxes 43,934.62

Express companies' privileges 4,701.98

Executive Department :

Fees $ 6,799.50

Seal tax 5,725.25

12,524.75

Gasoline inspection transfer sur-
plus 324,500.00

Interest on bank balances 314,236.77

Insurance Commissioner :

B. and L. Assn's privilege $ 13,374.23

Fees 9,612.20

Incendiary fire fund surplus.. 7,521.54

Lightning rod agents 1,698.31

Licenses, miscellaneous 105,754.91

Taxes, miscellaneous 835,152.15

973,113.34

Interest accrued :

4^/^ per cent Institution build-
ing bonds $ 26,645.62

4% per cent Institution build-
ing bonds 79,936.89

106,582.51

Interest, advances and accrued on notes 405,115.27

Oil Inspection Fund, surplus transfer 60,000.00

Paper stock, sale of „ 10,105.43

Partial Payments from Counties :

Miscellaneous $ 91,946.65

Marriage licenses 1,495.55

Public Schools, Emergency Loan:
Principal $

63,602.00
11,554.68

93,442.20

Interest

75,156.68
259,846.50

Railroad Dividends :

Atlantic and N. C $

North Carolina

34,831.50
225,015.00

Refunds :

Fugitives from justice $

121.68

225.00

1,800.05

125.00

758.88

Legal services and expenses....

Pensions

Postage and stationery

3,030.61

State Department:

Corporation tax $

116,104.87

1,053.49

5,374.31

5.80

508.50

8,658.21
96.20

Fees

Laws and Journals, sale of....

Postage

Seal tax

Supreme Court Reports, sale
of

Trade mark registration fees

131,801.38

12

Repokt of State Tkeasukee
RECEIPTS— Continued

Fiscal Year ending June 30, 1924:
General Fund — continued

State Department of Revenue :

Inheritance tax

Income tax

Schedule "B" taxes..
Schedule "C" taxes..

459,900.54

4,431,925.82

441,001.69

988,714.74

Sale of old scrap material

State Treasury fees

Telephone companies' tax on receipts..

Special Fund —

Agricultural Department :

Miscellaneous

Gasoline inspection

Oil inspection

412,862.04

364,399.47

90,619.36

Automobile theft fund

Agricultural building annex

Audubon Society

Bank examination fees

Board of Charities and Public Welfare..

Child Welfare Commission

Civil engineers and land surveyors

Fire Loss :

E. C. Teachers College $

N. C. Tuberculosis Sanatorium

University of N. C

Home and Ind. School for Girls

150.00

5,602.77

1,549.37

92.96

Interest, Highway Bonds transfer :

4% per cent Serial Construc-
tion $ 1,159,218.75

4% per cent Serial Construc-
tion 89,062.50

5 per cent Serial Construction 213,005.00

Interest accrued :

4% per cent Serial Construc-
tion bonds $ 22,031.25

4% per cent Serial Construc-
tion bonds 4,453.13

Fisheries Commission

Laboratory of Hygiene

Land titles, assurance of

N. C. Board of Health

N. C. Library Commission

Sinking Funds :

Pub. Sch. Spec. Bldg Bonds....$ 459,148.54

State Highway Const. Bonds.... 360,087.50

Educ. and Institution Bonds.... 188,000.0,0

6,321,542.79

468.05

492.00

22,250.71

-$ 9,174,493.75

867,880.87

124,063.91

12,000.00

1,042.50

46,900.21

141.03

48.85

3,696.50

7,395.10

1,461,286.25

26,484.38
33,181.59
24,246.53

102.62
111,994.87

297.75

1,007,236.04

Report of State Teeasurek 13

RECEIPTS— Continued

Fiscal Year ending June 30, 1924:
Special Fund — continued

Public School special building bond interest

transfer $ 225,000.00

State Library 60.91

State Public School fund 32,846.05

State Hughway Funds :

Automobile license $ 8,748,742.85

Gasoline tax 3,594,099.19

7,342,842.04 "^

State Highway Funds, transfer surplus ex-
pense Secretary State 300,000.00

State's Prison 703,708.92

State Warehouse System :

Principal $ 44,275.00

Supervision 80,854.30

125,129.30

$ 12,457,586.22

Federal Fund —

Forest Reserve $ 8,410.63

N. C. Board of Health 10,296.42

Negro A. and. T. College 16,500.00

N. C. State College A. and E.... 290,856.06

Vocational Education 132,068.92

■ 458,132.03

Board of Education:

Entries vacant land $ 1,734.61

Loans for building school-
houses 234,594.78

Swamp land, sale of 11,834.50

248,163.89

Total year's bond receipts $ 22,338,375.89

Bond Sales :
4% per cent Institutional

Building $ 3,049,000.00

4% per cent Institutional

Building 7,100,000.00

4% per cent Fish and Oyster

Propagation 500,000.00

$ 10,649,000.00

4V2 per cent State Highway

Construction $ 1,250,000.00

4% per cent State Highway

Construction 3,750,000.00

5,000,000.00

15,649,000.00

Note sales 32,325,000.00

$ 70,312,375.89

$ 136,827.924.86

14 Report of State Tkeasueer

DISBURSEMENTS

Fob Fiscal Years Ending June 30, 1923 and 1924

Fiscal Yeiar ending June 30, 1923 :

General Fund —

Agricultural Society $ 3,500.00

Auditor's Department :

Salaries ....$ 20,450.66

Miscellaneous 5,033.02

County and institution audit-
ing 37,423.85

Special auditing 94,916.30

157,823.83

Auditing, Special Legislative

Committee 34,610.98

Board Charities and Public Welfare :

Salaries $ 19,277.21

Miscellaneous 4,921.95

24,199.16

Bank investigations „ „ 555.50

Board of Elections :

Salaries $ 3,714.95

Miscellaneous 2,332.05

6,047.00

Bonds, expense of sale 40,365.05

Bonds, security of clerks 1,045.73

Bureau Labor and Printing :

Salaries $ 12,783.37

Miscellaneous 2,215.97

Salaries, employment service.. 7,468.33

Miscellaneous, employment

service 2,395.70

24,863.37

Capital punishment , 460.62

Capitol Square 899.14

Caswell Training School 80,000.00

Child Welfare Commission :

Salaries $ 6,737.92

Miscellaneous 3,158.06

9,895.98

Confederate Women's Home 7,500.00

Contingencies 856.56

Convicts 6,237.06

Department of Education :

Salaries $ 24,522.33

Miscellaneous 22,278.23

Traveling expenses 2,231.27

Division Certification, salaries 12,669.98

Division Certification, miscel-
laneous 319.93

Division Adult _Illi.teracyj. sal-
aries 600.00

Division Adult Illiteracy, mis-
cellaneous 3,747.70

Division Publicity, salaries 2,647.22

Division Negro Education, sal-
aries 13,784.63

Division Negro Education,

miscellaneous 5,989.06

Report of State Teeasuker 15

DISBURSEMENTS— Continued

Fiscal Year ending June 30, 1923 :
General Fund — continued
Department of Education :

Division Teacher Training,

salaries $ 14,710.45

Division Teacher Training,

miscellaneous 9,136.89

Division School Extension, sal-
aries 2,615.56

Division School Extension,

miscellaneous 9,149.16

$ 124,402.41

N. C. Teachers College 105,000.00

Executive Department :

Salaries $ 15,666.72

Miscellaneous 1,818.89

17,485.61

Fisheries Commission 88.50

Freight, express, and drayage 374.83

Fuel, lights, and water 15,629.63

Fugitives from justice 6,969.24

Funeral J. B. Grimes 569.40

Furniture and fixtures 831.09

Governor's Mansion and grounds 19,205.10

Historical Commission :

Salaries $ 26,234.41

Miscellaneous 2,846.75

29,081.16

Inheritance tax refund 15,100.25

Insurance ^tate property 70,891.34

Indigent pupils 12,193.55

Insurance Department:

Salaries $ 28,959.68

Miscellaneous 8,175.98

Postage and stationery 10.79

37,146.45

Interest :

Special notes $ 327,526.94

4 per cent Miscellaneous Bonds 299,400.00

5 per cent State Funding

Bonds 388,775.00

4% per cent Institutional

Building Bonds 6,097.50

5 per cent Institutional Build-
ing Bonds 20,200.00

1,041,999.44

Judiciary 216,113.12

Laborers' pay roll 41,218.58

Laboratory of Hygiene :

Salaries $ 40,022.61

Miscellaneous 19,457.85

59,480.46

Legal services and expenses 30,815.58

Legislature 113,441.42

16 Report of State Tkeasubee
DISBURSEMENTS— CoNTiNtJED

Fiscal Year ending June 30, 1923 :
General Fund — continued

Legislative special committees :

Atlantic and Western R. R $ 234.25

Budget Committee 1,258.54

Examining Legislative 116.80

Sanatorium Investigation 647.85

Ship and Water Commission.. 1,925.72
Special Commission, Sale R. R.

Stock 500.00

School Tax Commission 1,677.55

Land Tenancy Commission 1,348.31

$ 7,709.02

Mordecai Building 127.65

Moore's Creek Battle Ground Association 500.00

National Guard :

Adjutant General salary $ 4,875.00

Miscellaneous 118,582.70

N. C. Library Commission :

Salaries $ 8.252.75

Miscellaneous 9,599.37

123,457.70

17,852.12

N. C. Corporation Commission :

Salaries $ 40,554.25

Miscellaneous 17,530.63

Postage and stationery 229.91

58,314.79

N. C. College A. and E 408,500.00

N. C. College for Women 360,000.00

N. C. Firemen's Association 2,500.00

N. C. Room Confederate Museum 516.67

N. C. School Deaf 100,833.33

N. C. School Deaf and Blind 131,200.00

N. C. State Board of Health:

Salaries $ 139,764.73

Miscellaneous 93,180.22

Postage and stationery 344.22

233,289.17

Negro A. and T. College 61,000.00

N. C. Tuberculosis Sanatorium 91,050.58

Notes payable discount premium 50,000.00

Orthopedic Hospital 36,999.96

Oxford Orphan Asylum, white > 30,000.00

Oxford Orphanage, colored 20,000.04

Paper account 43,165.64

Postage and stationery 2,501.90

Public buildings and grounds 15,012.67

Public printing 132,040.78

Pensions :

J. M. Costner, special $ 75.00

T. J. Jarvis, memorial 1,950.00

Soldiers and widovifs 982,847.50

Disabled soldiers 20,345.00

Inmates Soldiers' Home 1,275.00

1,006,492.50

Report of State Treasurer
DISBURSEMENTS— Continued

17

Fiscal Year ending June 30, 1923:

General Fund — continued
Relief :

Mrs. Ella Murphy $

Jas. M. Prevett

A. D. Watts

2,500.00

65.70

5,795.27

Rental private property

Settling State taxes

Soldiers' Home

State Geological Survey

State Hospital, Goldsboro

State Hospital, Morganton

State Hospital, Raleigh

State Home Industrial School Girls and Women

State Library :

Salaries $ 7,653.34

Miscellaneous 3,883.47

Contingencies 840.59

State Department :

Salaries

Miscellaneous

Postage and stationery..

21,470.92

3,134.63

60.00

State Cooperative Purchasing Committee..
State's Prison Sunday school

State Public School Fund....
State Revenue Department :

Salaries

Miscellaneous

Postage and stationery

109,858.35

35,349.12

130.00

Supreme Court Reports :

Printing

Reprint

12,121.74
9,507.94

Supreme Court contingencies

Superintendent Public Buildings and Grounds

State public schools, farm-life

Stonewall Jackson Training School

Taxes refunded

Telephone and telegraph

Treasury Department :

Salaries $ 23,468.00

Miscellaneous ' ' 3,873.02

Tuberculous cattle

University of North Carolina..
Uniforms certain employees....
Weights and measures

Special Fund —

Agricultural Department :

Salaries

Miscellaneous

Gasoline inspection

Oil inspection

198,927.51

187,776.02

296,079.44

83,191.02

8,360.97

7,430.09

6.00

45,250.00

35,146.90

195,000.00

354,166.67

335,341.23

100,475.24

12,377.40

24,665.55

1,308.74

100.00

1,337,840.73

21,629.68
2,092.19
2,708.37

22,169.61

100,757.00

8,303.70

10,409.30

27,341.02

17,288.61

440,000.00

1,916.00

108.37

-$ 8,547,492.50

765,973.99

18 Report of State Teeasuber

DISBURSEMENTS— Continued

Fiscal Yeab ending June 30, 1923 :
Special Fund — continued

Audubon Society $ 2,191.15

Board of Charities and Public Welfare 1,888.60

Bank Examinations :

Salaries $ 32,373.35

Miscellaneous 16,883.66

49,257.01

Building Funds:

Appalachian Training School..$ 55,000.00

CuUowhee Normal 165,000.00

Agricultural Department 295,000.00

Caswell Training School 35,000.00

Cherokee Indian Normal 35,000.00

East Carolina Teachers College 294,631.35

N. C. School Deaf, Morganton 1,500.00
N. C. School Deaf and Blind,

Raleigh 178,000.00

N. C. College A. and E 280,000.00

N. C. College for Women 252,168.00

Negro A. and T. College 150,000.00

Negro Normal Schools 139,861.84

N. C. Tuberculosis Sanatorium 199,500.00

State Hospital, Goldsboro 169,000.00

State Hospital, Morganton 225,000.00

State Hospital, Raleigh 71,000.00

State Home Industrial School

Girls and Women 67,068.38

Stonewall Jackson Training

School 36,709.56

University of North Carolina 610,000.00

. 3,259,439.13

Caswell Training School 33,000.00

Child Welfare Commission 1,927.81

Civil Engineers and Land Surveyors :

Salaries $ 864.09

Miscellaneous 4,359.69

— ■ 5,223.78

Fire Loss :

East Carolina Teachers Col-
lege ; $ 2,572.82

State Home Industrial School

for Girls and Women 12,500.00

University of North Carolina 546.25

15,619.07

Fisheries Commission 108,175.99

Interest :

4V2 per cent Highway Serial B

Bonds $ 554,297.50

5 per cent Highway Serial

Bonds 242,835.00

4^2 per cent Public School

Special Building Bonds 112,500.00

iVz per cent Public School

Special Building Bonds 105,682.50

1,015,315.00

Laboratory of Hygiene 25,973.53

N. C. Library Commission 250.20

N. C. State Board of Health 70,426.72

Public School Special Building Fund 3,967,536.14

Soldiers' Home, Eli Blackwood Fund 5,000.00

Report of State Treasueer 19

DISBURSEMENTS— Continued

Fiscal Year ending June 30, 1923 :
Special Fund — continued
State Highway Fund :

Expense Secretary State $ 116,483.46

Expense Secretary of State,
transfer to Highway Main-
tenance 250,000.00

Highway Maintenance _ 4,839,336.56

Highway Construction 19,000,000.00

$ 24,205,820.02

State's Prison 515,565.78

State Public Schools 15,644.86

State Warehouse System :

Warehouse loans $ 176,225.24

Fire loss 263,822.42

Supervision, salaries 11,801.41

Supervision, miscellaneous .... 19,302.22

471,151.29

Vocational Education refund 556.87

$ 34,535,936.94

Federal Fund —

Forest Reserve Fund $ 7,580.14

N. C. College A. and E 260,856.06

N. C. College A. and E. Experi-
ment Station 30,000.00

N. C. State Board of Health 31,344.89

Negro A. and T. College 16,500.00

Vocational Education 142,555.88

Board of Education :

Salaries $ 1,083.64

Swamp lands 3,168.17

School loans 272,952.21

488,836.97

277,204.02

Total year's fund disbursements $ 43,849,470.43

Notes paid 7,761,744.00

-$ 51,611,214.43

For Fiscal Year ending Junh 30, 1924:
General Fund —

Agricultural societies $ 3,200.00

Auditor's Department :

Salaries $ 20,824.97

County and inst. auditing 45,106.49

Special auditing 42,927.10

Miscellaneous 3,141.52

112,000.08

Auditing, Special Legislative Committee 8,879.69

Bennett Memorial 50.00

Board of Charities and Public Welfare :

Salaries $ 23,268.49

Miscellaneous 6,486.44

Mothers' aid 5,425.50

Board of Elections :

Salaries $ 2,370.99

Miscellaneous 1,012.32

35,180.43

3,383.31

20

Repokt of State Teeasurer
DISBURSEMENTS— Continued

For Fiscal Year ending June 30, 1924 :
General Fund — continued
Bonds Paid :

4 per cent Education and

Charitable $ 99,000.00

Old compromise 300.00

$ 99,300.00

Bonds, expense of sale 31,675.26

Bond premiums, officers and clerks 1,230.00

Madison County convict road work 14,895.72

Bureau Labor and Printing :

Salaries $ 12,609.44

Miscellaneous 153.17

Employment service 11,535.09

24,297.70

Capital punishment 33.74

Capitol Square 49.95

Caswell Training School 146,000.00

Child Welfare Commission :

Salaries $ 13,764.94

Miscellaneous 5,905.02

19,669.96

Confederate Women's Home 12,500.00

Convicts, conveying to prison 6,704.28

Department of Education :

Division Public Instruction $ 19,300.59

Division Certification and Fi-
nance 20,692.06

Division High School Inspec-
tion 1,000.00

Division Negro Education 18,127.06

Division Organization and Civ-
ics 30,344.66

Division Publications 3,571.71

Division Teacher Training 31,447.37

Text-Book Commission 158.38

124,641.83

Farm-life schools 4,931.80

Public schools 1,872,879.23

East Carolina Teachers College 124,999.96

Executive Department 17,432.11

Freight and drayage 7.92

Flowers, funeral Judge Walker 50.75

Fuel, lights, and water 12,545.00

Fugitives from justice 8,676.05

Governor's Mansion and grounds 22,068.62

Historical Commission 26,954.20

Inheritance tax refund 15,433.71

Indigent pupils 11,172.38

Insuring State property 42,567.40

Insurance Department:

Salaries $ 25,667.91

Miscellaneous 6,952.51

32,620.42

Report of State Treasurer
DISBURSEMENTS— Continued

21

For Fiscal Year ending June 30, 1924 :

General Fund — continued
Interest :

Note interest $

Bonds, 4 per cent

Bonds, 5 per cent Refunding
Bonds, 4% per cent Building

and Improvement

Bonds, 4% per cent Building

and Improvement

Bonds, 4% per cent Fish and

Oyster Propagation

Bonds, 5 per cent Building and

Improvement

Judiciary

Laborers' pay roll

Laboratory of Hygiene

Laws and Journals

Legal services and expenses

Legislature

Legislative Committees :

Special Examining $

Land Tenancy

A. and W. N. C. Railroad

Ship and Water Transporta-
tion

Tuberculosis Sanatorium

Moore's Creek Battle Ground.
National Guard :

Adjutant General's salary

Appropriation

Special

N. C. Library Commission :

Salaries

Miscellaneous

N. C. Corporation Commission :

Salaries

Rates

Miscellaneous

841,173.32
297,666.00
227,300.00

183,622.50

166,582.50

11,875.00

1,723.32

4,498.60

48,247.54

12,802.10
2,300.74

4,500.00

120,000.00

14,868.33

15,417.01

11,764.85

37,272.01
1,041.67
5,734.53

N. C. School for Deaf, Morganton

N. C. School for Deaf and Blind, Raleigh

N. C. School for Deaf and Blind, University

students

Negro A. and T. College, Greensboro

N. C. State College A. and E., Raleigh

N. C. College for Women

N. C. Tuberculosis Sanatorium

N. C. Firemen's Association

Orthopaedic Hospital

Oxford Orphan Asylum

Oxford Orphanage (colored)

Paper for public printers

1,872,259.32

208,673.02

42,964.93

70,178.68

3,013.95

23,672.15

168.90

69,572.30
500.00

139,368.33

27,181.86

44,048.21
121,140.56
129,999.99

1,200.00

55,000.00

522,500.00

348,333.26

155,000.00

2,500.00

65,000.04

30,000.00

34,999.89

52,559.34

22 Report of State Treasueee

DISBURSEMENTS— Continued

For Fiscal Year ending June 30, 1924:
General Fund — continued
Pensions :

Soldiers and widows $ 944,655.75

Costner, J. M 300.00

Jarvis, Mrs. T. J 1,050.00

Simpson, John A 1,300.00

Disabled soldiers 15,840.00

Soldiers' Home inmates 1,176.00

$ 964,321.75

Postage and stationery 153.01

Public Buildings and Grounds :

Repairs to Capitol $ 64,444.86

Miscellaneous 22,294.49

Salary of Superintendent 2,500.00

89,239.35

Public printing 111,214.12

Rental of private property 6,390.71

Settling State taxes 853.40

Sinking Funds :

Educational and Institution Bonds 188,000.00

Soldiers' Home 67,250.00

State Library :

Salaries $ 6,914.92

Miscellaneous 5,274.24

State Department :

Salaries $ 18,690.00

Miscellaneous 2,830.50

12,189.16

21,520.50

State Department of Revenue :

Salaries $ 150,376.39

Miscellaneous 21,294.18

171,670.57

State's Prison 123,000.00

State Geological Survey 57,000.00

Supreme Court contingencies 5,454.36

Supreme Court Reports :

Printing of $ 6,151.84

Reprinting 4,648.10

10,699.94

State Hospital, Goldsboro 260,000.00

State Hospital, Morganton 445,000.00

State Hospital, Raleigh 484,302.09.-

State. Home and Industrial School for Girls.... 102,699.97

Stonewall Jackson Training School 120,000.00

Treasury Department:

Salaries $ 23,490.01

Miscellaneous 4,264.18

27,754.19

Taxes refunded 5,949.57

Telephone exchange 10,251.06

Tick eradication „ 47,552.69

Tubercular cattle 10,218.74

University of North Carolina 635,833.26

Uniforms for certain employees 2,075.00

Weights and measures 91.63

Report of State Treasurer 23

DISBURSEMENTS— CoxTiNL-ED

For Fiscal Year ending June 30, 1924 :
General Fund — continued
State Board of Health:

. Salaries $ 278,679.29

Miscellaneous 114,895.03

$ 393,574.32

$ 11,230,129.35

Special Fund —

Agricultural Department :

Salaries $ 280,259.04

Miscellaneous 98,414.07

Gasoline inspection 365.434.25

Oil inspection 89,915.57

$ 834,022.93

Automobile Theft Fund .,_. 7,867.14

Bank Examinations :

Salaries $ 38,734.34

Miscellaneous 8,323.70

■ 47,058.04

Building Funds :

Appalachian Training School..? 203,500.00

Cullowhee Normal School 240,000.00

Agricultural Department 73,000.00

Agricultural Dept. annex 114,442.23

Caswell Training School 270,000.00

Cherokee Indian Normal Sch... 37,000.00
Cherokee Indian School of

Robeson County 30,000.00

East Carolina Teachers College 855,000.00
N. C. School for Deaf, Mor-

ganton 46,000.00

N. C. School for Deaf and

Blind, Raleigh 295,500.00

N. C. State College A. and E... 360,000.00

Negro A. and T. College 314,000.00

Elizabeth City Normal School

(colored) 155,000.00

Fayetteville Normal School

(colored) 100,000.00

Slater Normal School (col.).... 55,000.00

N. C. Tuberculosis Sanatorium 168,000.00

State Hospital, Goldsboro 284,000.00

State Hospital, Morganton 335,000.00

State Hospital, Raleigh 373,774.72

Home and Industrial School

for Girls 132,638.96

Stonewall Jackson Training

School 68,000.00

University of N. C 820,000.00

N. C. Library Commission 8,000.00

N. C. College for Women 500,000.00

Soldiers' Home 5,000.00

Fisheries Commission, for fish

and oyster propagation 130,000.00

Morrison Training School for

Colored Boys 32,525.30

■ 6,005,381.21

Civil Engineers and Land Surveyors 4,516.07

24 Report of State Tkeasurek

DISBURSEMENTS— Continued
For Fiscal Year ending June 30, 1924 :

Special Fund — continued

Fire Loss :

East Carolina Teachers Col-

lege $

150.00

University of N. C

1,549.37

Home and Training School for

Girls

92.96

1,792.33

Fisheries Commission

33,181.59

Interest :

Bonds, 4% per cent Special

School Building $

239,130.00

Bonds, 41/^ per cent Highway

Construction

1,088,200.00

Bonds, 5V^ per cent Highway

Construction

200,417.50

1,527,747.50

Public Schools Special Building Fund

5,077,839.92

Sinking Funds :

Ed'l and Institution Bonds $

186,000.00

Highway Bonds .

360,000 00

546,000.00

State's Prison

738,940.73

State Highway, gasoline and tag taxes :

Expense of Secretary of State..$ 350,264.86
Expense of Secretary of State,

transfer to maintenance 400,000.00

Maintenance 6,807,585.79

7,557,850.65

Road construction 22,852,990.00

State Warehouse System :

Principal $ 59,598.83

Supervision 69,305.25

128,904.08
$ 45,364,092.19

Federal Fund —

N. C. State College A. and E $ 290,856.06

Negro A. and T. College 16,500.00

Forest Reserve Fund 8,410.03

Vocational Education 132,068.92

Board of Education :

Loan Fund, clerks $ 8,536.68

Loans for building school-
Houses 254,325.36

Swamp land, commissions on

sales 1,435.00

Swamp land, taxes 1,264.03

265,561.07

Total year's fund disbursements $ 57,307,617.62

Notes paid 20,085,598.08

$ 77,393,215.70

Balance June 30, 1924 7,823,494.73

$ 136,827,924.86

STATEMENT OF THE STATE DEBT

June 30, 1924

4 Per Cent State Hospitals, dated July, 1909, due July, 1949 $ 500,000

4 Per Cent Refunding, dated July, 1910, due 1950 3,430,000

4 Per Cent Administrative Building, dated July, 1911, due July, 1951 250,000

4 Per Cent School for Feeble-minded, dated July, 1911, due July, 1951 60,000

4 Per Cent Refunding, dated January, 1913, due January, 1953 550,000

4 Per Cent Improvement, dated July, 1913, due July, 1953 1,142,500

4 Per Cent Educational and Charitable Institutional Improvement

Serial, dated July, 1917 to 1920, due July, 1925 to 1938 1,468,500

4 Per Cent Caswell Training School, dated July, 1917, due July, 1927.... 75,000

4 Per Cent Training School for Girls and Women, dated July, 1917,

due July, 1927 25,000

5 Per Cent State Funding Improvement Bonds, dated February 15, 1922,

due February, 1937, 1942, 1947, 1952 4,500,000

$12,001,000

Educationai, ajsid Charitable Institution Improvement Bonds

5 Per Cent, dated July, 1921, due July, 1961 $ 3,372,000

41/2 Per Cent, dated January 1, 1922, due January, 1962 3,373,000

414 Per Cent, dated October 1, 1923, due October 1, 1963 3,049,000

4% Per Cent, dated October 1, 1923, due October 1, 1963 7,100,000

4% Per Cent, dated October 1, 1923, due October 1, 1963 500,000

17,394,000

414 Per Cent Public Schools Serial Building Bonds, dated January, 1922, due 1927

to 1947 5,000,000

Highway Construction Serial Bonds

.^

41/2 Per Cent, dated July, 1921, January, 1922 and 1923, due January

and July, 1932 to 1962 $25,000,000

5 Per Cent, dated July, 1921, due July, 1931. 1941, 1951, and 1961 4,552,600'-

4% Per Cent, dated January 1, 1923, due January, 1933 to 1937 1,250,000

4% Per Cent, dated January 1, 1923, due January, 1938 to 1952 3,750,000

4% Per Cent, dated January 1, 1924, due January 1, 1934 to 1963 10,000,000

44,552,600

Bonds Not Presented for Payment

4 Per Cent Consolidated Debt, due 1910 $ 400

6 Per Cent Construction Debt, due 1879 18,000

4 Per Cent Educational and Charitable, due July 1, 1923 1,000

19,400

Total - $78,967,000

Loans to State

3% Per Cent Notes, anticipating Highway Bond Sale, dated May 20,

1924, due February 20, 1925 $15,000,000

5 1/3 Per Cent Notes, anticipating Highway Bond sale, due September

20, 1925 5,000,000

2V2 Per Cent Notes, anticipating Highway Bond sale, dated June 23,

1924, due August 22, 1924 2,000,000

22,000,000

Total debt $100,967,000

STATE'S INVESTMENT IN RAILROAD AND TURNPIKE

COMPANIES

June 30, 1924

30,002 shares North Carolina Railroad Company stock $3,000,200

12,666 shares Atlantic and North Carolina Railroad Company stock 1,266,600

1,013.27 shares Mattamuskeet Railroad Company stock 101,327

3,060 shares Elkin and Alleghany Railroad Company stock 306,000

2,650 shares Statesville Air Line Railroad Company stock 132,400

172 shares Transcontinental Railroad Company stock 17,200

552 shares Watauga and Yadkin River Railroad Company stock 55,200

6,381 shares Wilkesboro and Jefferson Turnpike Company stock 63,810

71 shares Junaluska Turnpike Company stock 710

$ 4,943,447

SINKING FUNDS

June 30, 1924

Public School Building Bonds $ 541,139.44

Highway Construction Bonds 360,087.50

Education and Institution Bonds 188,000.00

$1,089,226.94